If reports are to be believed, Amazon is close to acquiring Hollywood studio MGM this week itself, for close to $9 billion. The Wall Street Journal and The New York Times have both reported this. If the deal goes through, as expected, it will give a huge push to Amazon’s streaming ambitions by bringing James Bond, Rocky, RoboCop and other film and television properties into its fold. MGM has around 4,000 films in its huge library and an array of new films in the pipeline.
MGM has been up for sale since months. Apple and Comcast had previously pegged its worth around $6 billion.